Canada vs Mexico: Tax Comparison
Compare income tax rates and take-home pay between Canada and Mexico
You'd keep $5,557 more in Mexico
Mexico
23.2% tax
Canada · Ontario
28.8% tax
$463/mo difference
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Side-by-side breakdown
Mexico
2026
23%
Income
Gross Salary$100,000
Personal deductions limit-$12,556
Mexican Social Security Institute (IMSS) employee contribution-$1,708
Taxable Income$85,736
Taxes & Contributions
1.92% bracket-$11
6.40% bracket-$285
10.88% bracket-$416
16.00% bracket-$231
17.92% bracket-$365
21.36% bracket-$2,682
23.52% bracket-$3,374
30.00% bracket-$10,705
32.00% bracket-$3,458
Mexican Social Security Institute (IMSS) employee contribution-$1,708
Total Taxes-$23,234
NET ANNUAL PAY$76,766
Per Month$6,397
Effective Rate23.2%
Canada · Ontario
2025
29%
Income
Gross Salary$100,000
Canadian Pension Plan (CPP) - Enhanced portion-$559
Taxable Income$99,441
Taxes & Contributions
Federal bracket 1-$5,971
Federal bracket 2-$8,441
Federal bracket 3-$4,443
Basic Personal Amount (BPA)+$243
CPP Base Contribution Credit+$67
Ontario bracket 1-$1,865
Ontario bracket 2-$3,378
Ontario bracket 3-$2,857
Ontario Basic Personal Amount+$243
Canadian Pension Plan (CPP) - Base portion-$1,637
Employment Insurance (EI)-$753
Total Taxes-$28,791
NET ANNUAL PAY$71,209
Per Month$5,934
Effective Rate28.8%
Tax rate by income level
Canada
Mexico
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